Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
Investors became richer by over Rs 80,000 crore (Rs 800 billion) today as the benchmark indices rose over 1.7 per cent each on Goldman Sachs' upgrading Indian stocks and optimism that government will push through key economic reforms.
590 cricketers -- including 370 Indian players and 220 overseas players -- will go under the hammer during the two-day mega auction in Bengaluru on February 12 and 13.
A state government affidavit said all convicts were granted parole, furlough and even temporary bail at different points during their incarceration, with the highest being for 1,576 days and the lowest 998 days.
According to analysts, this is the highest premium paid by a foreign insurer to a domestic partner.
A delighted Rangana Herath praised the efforts of his team-mates after bowling Sri Lanka to their first Test win in South Africa at Kingsmead on Thursday.
The Delhi high court on Tuesday said it will hear on May 26 a plea by JNU student Sharjeel Imam, who has been arrested in a case related to alleged inflammatory speeches made by him during the protests against the Citizenship Amendment Act and the National Register of Citizens in 2019, seeking interim bail.
India's 100 top billionaires have seen their fortunes increase by Rs 12,97,822 crore since March last year when the Covid-19 pandemic hit the country and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each.
HDFC Bank on Tuesday reported a 31.28 per cent increase in net profit at Rs 224.40 crore (Rs 2.24 billion) for the third quarter ended December 31, 2005 as against Rs 170.93 crore (Rs 1.70 billion) in Q3 FY05.
ONGC is likely to pay Rs 17,000 cr to subsidise products by the end of this fiscal.
The Planning Commission is expected to take a call soon on the expenditure, which will be a component of the health ministry's 12th plan allocation. The ministry is expected to pitch for doubling the allocation for the overall health sector, it is learnt.
The Sensex took just five trading sessions to surpass the 36,000-level milestone, from 35,000.
The major area of expansion has been identified as the mobile phones and a 60 million tender for GSM lines has been floated by the company.\n\n
Kidney patients have a reason to cheer as Nadiad - a sleepy town lying between Ahmedabad and Vadodara, would soon have a robot conducting urology surgeries on them.
Reflecting buoyancy in revenue sector, the central government's gross tax collection grew by over 18 per cent to Rs 1,94,231 crore (Rs 1942.31 billion) in the first nine months of this fiscal mainly due to robust growth in direct tax mop-up.
The market capitalisation of BSE-listed companies surged to Rs 98,11,322 crore.
Of the proposed $220-million investment, PepsiCo India will put in $170 million of own money, while the remaining $50 million would be invested by its bottling partners. This proposed investment is part of the company's $500-million investment plan announced during the visit of PepsiCo' global head Indra Nooyi to India last year.
Railway ministry will spend Rs 2300 crore (Rs 23 billion) in fiscal 2003-04 for enhancing safety and security of passengers, Minister of State for Railways Bandaru Dattatreya said on Wednesday.
A Rs 559.91 crore (Rs 56 billion) deficit budget (2003-04) that proposes to generate Rs 170 crore (Rs 1.7 billion) additional resources through taxes was presented on Monday by Madhya Pradesh Finance Minister Ajay Narayan Mushran in the Assembly.
Life Insurance Corporation earned Rs 5,800 crore (Rs 58 billion) net profit during 2005-06 while its first premium income during the period grew by a record 48 per cent to Rs 18,085 crore (Rs 180.85 billion).\n
ICICI Bank, the country's biggest private lender, on Tuesday received bids for over 27 crore shares, nearly three times the shares on offer in its follow-on public issue.
ONGC, RIL, ITC, CIL, HDFC Bank, SBI and ICICI Bank saw erosion in their m-cap
Financial Intelligence Unit detects over Rs 7,800 cr blackmoney.
The quantum of FPI investments via P-notes remain unchanged at 6.6 per cent in March.
The 10,000-square feet top-floor apartment is being sold by Raheja Developers.
Railways is keen to generate additional revenues this year.
Finance Ministry is considering to sell 5 per cent stake in ONGC in the current fiscal, which could garner about Rs 17,000 crore to the exchequer.
Profit from its retail business jumped 77 per cent to Rs 1,923 crore and that from telecom rose by 78.3 per cent to Rs 2,665 crore.
In all, 4.2 million shares were sold during the quarter.
The Indian Oil Corporation has taken a hit of about Rs 1,000 crore (Rs 10 billion) in the first quarter of the current fiscal on selling subsidised LPG and Kerosene below the cost.
Indian state's generosity is not restricted to its poorest citizens.
If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
It said Air India "accepted" that though the number of flights from Delhi "increased substantially.
Public banks may have a tough time in 2015 as they had to write off Rs 1 trillion.
PE firm True North's investment model is to take 51% stake in mid-sized companies and make them large, says Niraj Bhatt.
'The package will help in realising the true potential of employment generation in the textile and apparel sector.'
